NextPlat Corp Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity (Deficit) (Tables)

Stockholders’ Equity (Deficit) (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of Outstanding Stock Options Activities

A summary of the status of the Company’s outstanding stock options and changes during the nine months ended September 30, 2017 is as follows:

	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at January 1, 2017		12,850,000	$	0.02		9.10
Granted		30,000,000		0.01		9.65
Exercised		—		—		—
Forfeited		—		—		—
Cancelled				—		—
Balance outstanding and exercisable at September 30, 2017		42,850,000	$	0.01		9.26

Schedule of Outstanding Stock Warrants Activities

A summary of the status of the Company’s outstanding stock warrants and changes during the nine months ended September 30, 2017 is as follows:

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Balance at January 1, 2017		5,000	$	4.50		0.35
Granted		—		—		—
Exercised		—		—		—
Forfeited (expired May 19, 2017)		5,000		4.50		—
Cancelled		—		—		—
Balance outstanding at September 30, 2017		—	$	—		—

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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